ABN 18 000 041 421
Registered Office: Level 4 50 Pitt Street Sydney NSW 2000 | PO Box R1836 Royal Exchange NSW 1225 | Telephone: (02) 8006 5357 Facsimile: (02) 9251 7033 Email:general@milton.com.auWebsite:www.milton.com.au ASX code: MLT Share Registry Enquiries: 1800 641 024 |
22 August 2017
The Manager
ASX Market Announcements Australian Securities Exchange Limited 20 Bridge Street
SYDNEY NSW 2000
Dear Sir or Madam
COMPLETION OF THE ACQUISITION OF AN UNLISTED INVESTMENT COMPANYThe unlisted investment company acquisition which was previously announced on 20 July 2017 has been completed and 4,114,776 ordinary shares were issued on 22 August 2017 to the vendors as consideration.
In accordance with the Share Sale Agreement, which was exchanged on 20 July 2017, the number of New Milton Shares issued was determined by reference to the relative net asset backing of each company as at 31 July 2017. Milton shareholder approval is not required for the issue of these New Milton Shares.
At 31 July 2017 the acquired company had a portfolio of long term investments in Australian listed companies valued at $19.2 million and no debt.
The New Milton Shares rank equally in all respects with existing fully paid ordinary shares.
Yours faithfully,
MILTON CORPORATION LIMITEDD N Seneviratne Company Secretary
Milton Corporation Limited published this content on 22 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 August 2017 07:17:02 UTC.
Original documenthttp://www.milton.com.au/sites/default/files/ASX_Completion_of_Acquisition_letter.pdf
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